B. Metzler seel. Sohn & Co. AG Sells 2,858 Shares of Autodesk, Inc. (NASDAQ:ADSK)

B. Metzler seel. Sohn & Co. AG trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,842 shares of the software company’s stock after selling 2,858 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Autodesk were worth $10,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. CreativeOne Wealth LLC grew its stake in shares of Autodesk by 109.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,708 shares of the software company’s stock valued at $471,000 after acquiring an additional 893 shares during the period. Public Sector Pension Investment Board increased its holdings in Autodesk by 14.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock worth $2,586,000 after acquiring an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Autodesk by 7.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 25,957 shares of the software company’s stock worth $7,145,000 after acquiring an additional 1,891 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in Autodesk by 95.8% during the third quarter. Edgestream Partners L.P. now owns 12,299 shares of the software company’s stock valued at $3,388,000 after purchasing an additional 6,017 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other Autodesk news, Director John T. Cahill bought 2,000 shares of Autodesk stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $267.10 per share, for a total transaction of $534,200.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $534,200. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at $802,671.87. The trade was a 44.95 % decrease in their position. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research note on Friday, February 28th. Scotiabank cut their target price on Autodesk from $360.00 to $315.00 and set a “sector outperform” rating for the company in a research report on Monday, March 17th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research note on Tuesday, February 25th. Finally, Citigroup reduced their price objective on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Trading Down 3.0 %

ADSK stock opened at $261.63 on Monday. The firm’s fifty day simple moving average is $284.01 and its two-hundred day simple moving average is $288.55. The stock has a market capitalization of $55.73 billion, a price-to-earnings ratio of 51.91, a price-to-earnings-growth ratio of 2.94 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.